Evaluating Electric Vehicle Policy Effectiveness and Equity

Tamara Sheldon

Annual Review of Resource Economics, 2022, vol. 14, issue 1, 669-688

Abstract: In this article, I review the academic literature on the economics of plug-in electric vehicles (PEVs), with a focus on PEV policy, benefits, and equity. PEVs are one of the most promising technologies for decarbonizing the transportation sector. As such, many government policies exist to promote their adoption. Understanding the effectiveness and equity of existing policies, what the realized environmental benefits are, and how these benefits compare to costs is crucial to improving future PEV policy. This review suggests that consumer PEV subsidies are not cost-effective and are often expensive relative to estimated environmental benefits. Furthermore, higher-income households who make up a larger share of the PEV market receive both a disproportionate amount of government subsidies as well as PEV benefits. There is considerable room for policy improvement.

Keywords: air pollution; cost-effectiveness; electric vehicles; equity; incentives; transportation policy (search for similar items in EconPapers)
JEL-codes: H23 Q48 Q52 Q58 R40 (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations: View citations in EconPapers (13)

Downloads: (external link)
https://doi.org/10.1146/annurev-resource-111820-022834
Full text downloads are only available to subscribers. Visit the abstract page for more information.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:anr:reseco:v:14:y:2022:p:669-688

Ordering information: This journal article can be ordered from
http://www.annualreviews.org/action/ecommerce

DOI: 10.1146/annurev-resource-111820-022834

Access Statistics for this article

More articles in Annual Review of Resource Economics from Annual Reviews Annual Reviews 4139 El Camino Way Palo Alto, CA 94306, USA.
Bibliographic data for series maintained by http://www.annualreviews.org ().